Introduction

Saber is a leading DEX built on the Solana blockchain. It is popular for providing diverse liquidity pools including stablecoin pairs.

The governance of liquidity pools has been recently turned into a community-based system. SBR, Saber native token, holders by locking their SBR and obtaining veSBR can vote for rewards distributions.

The SBR lockers are most influential and prominent users in Saber protocol. Therefore, it is worth to study their behavoir.

This dashboard building on the previous dashboard on veSBR focuses on top Saber lockers and investigate the program that they are involved most and the tokens that they swap from or to.

Analysis

The graph below compares the first day of epochs with the other days.

The data shows a pattern of having a spike in locking one day before starting an epoch and a decrease in locking the first days of the very epoch.

However, there are some exceptions particularly in the first week of January.

Table below, listed the top 20 wallets that have locked Saber in the month of February.

We can see from table that the majority of these top wallets have locked all their SBR tokens in governance at once. Among 20 top lockers, there are only three wallets that have added to their locked SBR positions.

In the below the most popular program that top lockers has interacted with and the most popular tokens that they swapped for/from will be presented.

As table below shows, the most popular program among top lockers is Jupiter aggregator, then Saber stablecoin swap itself.

The graphs and tables afterwards indicate popular tokens.

The most popular token to deposit in swapping is USDC. The most popular tokens that the top lockers swap for are Sunny governance and Saber governance.

Summary of findings

• The time series visualization shows that usually the first week of epochs received less lock-up than the day before.

• The SBR locked amount by top 20 lockers ranges from 139K and 21,5M.

• Most of the top lockers in February lock whole their SBR in one time transaction.

• Jupiter is the most popular platform for top 20 Saber lockers.

• Top 20 Saber lockers most frequently use USDC for swapping and most frequently swap for Sunny and Saber governance tokens.